MONTREAL: Air Canada reached a deal with the Canadian government for loans and equity worth nearly C$5.9bil (US$4.7bil or RM19.44bil), a package to help the airline get through the pandemic and restore flights to remote parts of the country.
The state, which sold off its ownership interest in the 1980s, will once again own a piece of Canada’s largest airline, buying C$500mil of shares at a discount.
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